Interpublic Group of Companies (NYSE:IPG) PT Lowered to $32.00 at Barclays

Interpublic Group of Companies (NYSE:IPG) had its target price decreased by Barclays from $32.50 to $32.00 in a research note released on Wednesday morning, Benzinga reports. Barclays currently has an equal weight rating on the business services provider’s stock.

A number of other equities research analysts also recently weighed in on IPG. Wells Fargo & Company restated an “underweight” rating and set a $26.00 price target (down previously from $28.00) on shares of Interpublic Group of Companies in a research report on Tuesday. BNP Paribas downgraded Interpublic Group of Companies from a “neutral” rating to an “underperform” rating in a research report on Monday, September 30th. Bank of America cut their target price on Interpublic Group of Companies from $36.00 to $35.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. Morgan Stanley downgraded shares of Interpublic Group of Companies from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $34.00 to $28.00 in a research note on Monday, July 22nd. Finally, Macquarie reaffirmed a “neutral” rating and issued a $31.00 price objective on shares of Interpublic Group of Companies in a research note on Tuesday. Five research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Interpublic Group of Companies presently has a consensus rating of “Hold” and a consensus target price of $30.57.

Interpublic Group of Companies Stock Down 0.3 %

IPG stock opened at $29.80 on Wednesday. The company’s 50 day moving average is $31.33 and its 200 day moving average is $30.73. The stock has a market cap of $11.19 billion, a price-to-earnings ratio of 14.06, a price-to-earnings-growth ratio of 4.97 and a beta of 1.09. The company has a current ratio of 1.07, a quick ratio of 1.06 and a debt-to-equity ratio of 0.75. Interpublic Group of Companies has a 1-year low of $27.54 and a 1-year high of $35.17.

Interpublic Group of Companies (NYSE:IPG) last issued its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $0.70 EPS for the quarter, hitting analysts’ consensus estimates of $0.70. The firm had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.30 billion. Interpublic Group of Companies had a net margin of 7.44% and a return on equity of 27.51%. The business’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.70 EPS. Sell-side analysts predict that Interpublic Group of Companies will post 2.83 EPS for the current fiscal year.

Interpublic Group of Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 4.43%. The ex-dividend date was Tuesday, September 3rd. Interpublic Group of Companies’s dividend payout ratio (DPR) is presently 62.26%.

Institutional Trading of Interpublic Group of Companies

Institutional investors have recently modified their holdings of the company. Millennium Management LLC increased its holdings in Interpublic Group of Companies by 571.7% during the 2nd quarter. Millennium Management LLC now owns 1,466,376 shares of the business services provider’s stock valued at $42,657,000 after purchasing an additional 1,248,062 shares during the period. Canada Pension Plan Investment Board grew its position in shares of Interpublic Group of Companies by 19.8% in the 2nd quarter. Canada Pension Plan Investment Board now owns 5,436,803 shares of the business services provider’s stock worth $158,157,000 after buying an additional 899,332 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its stake in shares of Interpublic Group of Companies by 101.9% during the first quarter. Jacobs Levy Equity Management Inc. now owns 1,690,523 shares of the business services provider’s stock valued at $55,162,000 after buying an additional 853,287 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Interpublic Group of Companies by 13.8% during the second quarter. Dimensional Fund Advisors LP now owns 6,842,846 shares of the business services provider’s stock valued at $199,063,000 after acquiring an additional 828,150 shares in the last quarter. Finally, Swedbank AB purchased a new stake in Interpublic Group of Companies in the first quarter worth $20,493,000. 98.43% of the stock is currently owned by hedge funds and other institutional investors.

Interpublic Group of Companies Company Profile

The Interpublic Group of Companies, Inc provides advertising and marketing services worldwide. It operates in three segments: Media, Data & Engagement Solutions, Integrated Advertising & Creativity Led Solutions, and Specialized Communications & Experiential Solutions. The Media, Data & Engagement Solutions segment provides media and communications services, digital services and products, advertising and marketing technology, e-commerce services, data management and analytics, strategic consulting, and digital brand experience under the IPG Mediabrands, UM, Initiative, Kinesso, Acxiom, Huge, MRM, and R/GA brand names.